ideologies. For instance, when I read that, in a capital account crisis, “there was insufficient appreciation of the large currency depreciation which might occur in view of the possibility of multiple equilibria …,” I was not sure how to interpret the sentence. As a former Executive Director, I would not feel too guilty if I refused to oblige when implicitly requested to enter into sophisticated rational expectations equilibrium analysis. If that is what the IEOauthors have in mind and if they consider that such an approach is crucial for this kind of appreciation, it
International Monetary Fund. External Relations Dept.
This paper presents a snapshot of changes in the world’s health and demographic conditions. The paper highlights that in most parts of the world, individuals are healthier and living longer, thanks to improved health services and living conditions and the more widespread use of immunization, antibiotics, and better contraceptives. Although this trend is likely to continue, hopes are fading in some regions where progress slowed or stopped in the 1990s, primarily as a result of the AIDS epidemic. Moreover, most regions of the developing world will not reach the Millennium Development Goals for health by 2015.